The SEC sued Kraken in the Northern District of California last November asking the court to permanently enjoin the exchange from further securities violations, seeking disgorgement of its “ill-gotten gains” and other civil penalties. The regulator listed ADA, ALGO, ATOM, FIL, FLOW, ICP, MANA, MATIC, NEAR, OMG, and the SOL tokens as the 11 unregistered securities.
Source: https://www.coindesk.com/policy/2024/09/13/kraken-seeks-jury-trial-in-sec-lawsuit-presents-defense-arguments/?utm_medium=referral&utm_source=rss&utm_campaign=headlines